Thursday, May 26, 2011

Pop Quiz #3

Here is the quiz you wrote and went over today. Be sure to read Chapter 30 on water resources, as there will be a quiz on Friday!!!!!! (SUBTLE HINT)

1. What are the three categories of countries? How are they different? (4)
2. Identify three categories used to differentiate between countries. (3)
3. What is a tariff? (1)
4. What is a trade balance? (1)
5. Why would a country want to put tariffs on goods? (1)
6. What is an import? (1)
7. What is an export? (1)
8. What does Canada export chiefly? (1)
9. What does Canada import chiefly? (1)
10. What is a “value added” good? (1)